Is Wynn Resorts, Limited (WYNN) a Stock to Watch After Gaining 4.05% This Week?

Wynn Resorts, Limited (WYNN) stock is up 4.05% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Wynn Resorts, Limited has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on WYNN!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WYNN Stock Today?

Wynn Resorts, Limited (WYNN) stock is higher by 3.32% while the S&P 500 is down -0.06% as of 3:12 PM on Monday, Mar 11. WYNN is higher by $3.34 from the previous closing price of $100.43 on volume of 1,187,242 shares. Over the past year the S&P 500 is up 32.80% while WYNN is down -2.33%. WYNN earned $6.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.04.

More About Wynn Resorts, Limited

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively. Click Here to get the full Stock Report for Wynn Resorts, Limited stock.